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Rent To Rent Management Agreement
"I need a Rent to Rent Management Agreement for my 15-unit apartment building in Dublin, where the management company will guarantee me €25,000 monthly rent starting March 2025, with special provisions for student letting during academic terms."
1. Parties: Identification of the property owner (landlord) and the rent-to-rent manager, including full legal names, addresses, and company details if applicable
2. Background: Context of the agreement, including property owner's ownership of the property and desire to appoint a rent-to-rent manager
3. Definitions: Defined terms used throughout the agreement, including Property, Management Services, Guaranteed Rent, Term, etc.
4. Appointment and Term: Formal appointment of the manager, duration of the agreement, and any renewal provisions
5. Manager's Rights: Rights granted to the manager, including authority to sublet, collect rent, and manage the property
6. Guaranteed Rent: Details of the guaranteed rent amount, payment schedule, and any review mechanisms
7. Property Owner's Obligations: Owner's responsibilities including maintenance, insurance, compliance with regulations, and mortgage obligations
8. Manager's Obligations: Manager's duties including property management, tenant finding, maintenance coordination, and regulatory compliance
9. Property Management: Specific provisions regarding day-to-day management, maintenance procedures, and emergency responses
10. Financial Arrangements: Details of all financial aspects including fees, payment terms, security deposits, and accounting requirements
11. Insurance and Liability: Insurance requirements, indemnities, and allocation of risks between parties
12. Compliance: Obligations regarding legal compliance, licenses, certificates, and regulatory requirements
13. Default and Remedies: Consequences of breach, cure periods, and available remedies
14. Termination: Grounds for termination, notice requirements, and post-termination obligations
15. General Provisions: Standard legal provisions including notices, assignment, entire agreement, governing law, etc.
1. Utilities and Services: Optional section detailing responsibility for utility accounts and services when this isn't covered under general obligations
2. Refurbishment Rights: Optional section when the manager is granted rights to make improvements or modifications to the property
3. Key Performance Indicators: Optional section establishing performance metrics for the manager when required by the property owner
4. Property Staff: Optional section regarding on-site staff management when applicable to larger properties
5. Marketing Rights: Optional section detailing specific marketing permissions and restrictions when these require special attention
6. Void Periods: Optional section with specific provisions for handling vacant periods when this requires special treatment
1. Schedule 1 - Property Details: Detailed description of the property, including address, boundaries, and included fixtures and fittings
2. Schedule 2 - Services Specification: Detailed list of management services to be provided by the manager
3. Schedule 3 - Guaranteed Rent and Fee Structure: Detailed breakdown of all financial terms including guaranteed rent amounts, management fees, and payment schedules
4. Schedule 4 - Condition Report: Initial condition report of the property with photographs
5. Schedule 5 - Maintenance Procedures: Detailed procedures for routine and emergency maintenance
6. Schedule 6 - Required Certificates and Licenses: List of required certificates and licenses with renewal dates
7. Appendix A - Property Owner's Insurance Certificates: Copies of relevant insurance certificates
8. Appendix B - Manager's Insurance Certificates: Copies of manager's insurance policies and certificates
9. Appendix C - Property Floor Plans: Detailed floor plans of the property
Authors
Real Estate
Property Management
Residential Lettings
Commercial Property
Property Investment
Hospitality
Student Accommodation
Corporate Housing
Property Services
Legal
Property Management
Operations
Asset Management
Compliance
Risk
Business Development
Facilities Management
Property Services
Finance
Property Manager
Real Estate Manager
Portfolio Manager
Asset Manager
Property Investment Manager
Legal Counsel
Property Services Director
Compliance Officer
Operations Manager
Lettings Manager
Property Owner
Business Development Manager
Risk Manager
Facilities Manager
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